With all the contracts they have and the current price of oil, wont be long before some restructuring occurs and they turn it around. A lot of other Oil & Gas counters had significant losses, but were able to turn it around even when the price of oil was well below 70 dollars a barrel.
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATORWINDING-UP PETITION SERVED ON WHOLLY-OWNED SUBSIDIARY OF SAPURA ENERGY BERHAD 1-3-2022
Absolutely. Can sapu after bumpy harvest in Plantation.
The oil and gas sector's outlook is also positive as escalating crude oil prices and rising global demand will catalyse faster order flows across the value chain. Meanwhile, the power and consumer sectors are good proxy to the economy recovery hence we are positive on these sectors too. However, we are UNDERWEIGHT on plantations as we believe that the CPO price should ease in the 2H2022 as production increases.
(March 3): Outflows from Russia in the wake of sanctions and index exclusions due to Ukraine war can find home in Indonesia and Malaysia as both Southeast Asian nations produce commodities like Russia and Ukraine, according to money managers Samsung Asset and Modular Asset.
SD is freezer oledi...already profit from it...will come back when she ready to dance... SE now very attractive and she has joined Mabel's collection of Battleships, Supertankers and Jet Fighters to fight this war on terror...
My opinion, the STAR Studded Management line up are not competent and have failed to deliver....The share price plunged and the huge quarter losses say it all...
The only things we have seen are, replacing chief officers and important officers one after another.
Someone should question the Annuar, what is the contribution since he joined Sapura and what are all new line up doing, except getting paid thick.
Where is the accountability of these Star line up?
what is the impact these STAR line up give to SAPURA except reporting losses after another losses...and having cash flow problem...
Diclaimer: Own sharing of thoughts, not a buy call or sell call....
NEW YORK: Oil surged on Friday, ending the week at multi-year highs as Russia's invasion of Ukraine intensified and oil buyers shunned barrels from the world's second-largest exporter of crude. Crude prices posted their largest weekly gains since the middle of 2020, with the Brent benchmark up 21% and U.S. crude gaining 26%. The most commonly traded oil futures closed at levels not seen since 2013 and 2008, respectively. Oil surged throughout the week as the United States and allies heaped sanctions on Russia that, while not aimed at Russian oil and gas sales, nonetheless squeezed its industry, and threatens a growing supply crunch in coming months. Brent LCOc1 futures rose US$7.65, or 6.9%, to settle at $118.11 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $8.01, or 7.4%, to end at $115.68.
That was the highest close for Brent since February 2013 and for WTI since September 2008. During the week, Brent rose to its highest intraday since May 2012 and WTI its highest since September 2008.
Russia exports 4 million to 5 million barrels of oil daily, making it the second-largest crude exporter in the world after Saudi Arabia. Traders were barely able to sell Russian oil all week, with Shell PLC SHEL.L on Friday the only notable buyer of a Russian cargo, which was sold at a steep $28-discount to physical Brent crude. The tumult is likely to continue. The Biden administration, under pressure from lawmakers from both major parties, said it is considering options for cutting U.S. imports of Russian oil even as it tries to minimize the impact on global supplies and on consumers. "While U.S. oil imports from Russia are small in a global context," UBS analyst Giovanni Staunovo said crude prices rallied late in the day because "some market participants might be concerned that other countries might follow that step." Britain will look to target Russia's energy sector in future rounds of sanctions, its foreign minister said Friday. The government has resisted this move so far, due to concerns that it will push up energy bills. Most Americans support the idea of banning Russian oil imports, with 80% saying the United States should stop buying Russian oil, according to a Reuters/Ipsos poll completed on Friday. Canada banned imports of Russian oil earlier in the week. Russia's largest buyers include China, South Korea, Germany and the Netherlands. Some refiners have stopped buying Russian oil, and trading firms are reluctant to transact with Russian sellers for fear of more sanctions. Indirect talks between Iran and the United States on reviving the 2015 Iran nuclear deal were close to reaching an agreement, the chief British envoy said on Friday as she and her French and German colleagues flew home to brief ministers. Analysts said such an agreement could add another 1 million barrels of daily supply to the market, but that would not be enough to offset declining supply from Russia.More oil supplies are set to be added from a coordinated release of just over 60 million barrels of oil reserves by developed nations, agreed this week. Japan said on Friday that it plans to release 7.5 million barrels of oil.
The old format looks much better and the date and time of a post is much more informative than "5 hours ago" or "1 day ago”. Also the limited window height is a bad joke.
That time I told the team it will drop to 5 sen...
Now already below 5 sen.
Thanks to Mabel's collection of BioFuel Plantation which were were rocketing to Mars..
So Mabel buy Sap lor with excess profits...Much better than keeping in FD to capitalise on the Oil Bull run as most of Mabel Battleships and Supertankers are already cruising full speed.
Soon Sap will follow ...Today already up oledi...green...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
annmix
1,521 posts
Posted by annmix > 2022-03-03 09:56 | Report Abuse
Walaoeh, oil price continue its bull run !
Brent closed at=> $114.55 +9.58 +9.13%
Like that today Sapnrg going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
Don't talk rubissh and act like a dumb in Tanjung Rambutan